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Page/Link: Page URL: HTML link: The Free Library. Retrieved Mar 10 2019 from Business Editors NEW YORK & ALMATY, Kazakhstan--(BUSINESS WIRE)--March 7, 2002 Alma-TV, a large cable TV system operating in Almaty, Republic of Kazakhstan, received on Wednesday, March 6, an extension of its license to operate until April 1, 2002, as was announced today by International Telcell, Inc. ('ITI'), the American partner in the company. Native instruments elektrik piano download full. ITI is a wholly owned subsidiary of Metromedia International Telecommunications, Inc. MITI is a wholly-owned subsidiary of Metromedia International Group, Inc. (AMEX:MMG) and owns 50% of ZAO Alma-TV through ITI.

Alma-TV has been successfully operating a cable television system in Kazakhstan since 1994. In a letter from the Communications and Information Committee of the Kazakhstan Ministry of Transport and Communications, the Ministry has demanded that MITI, the foreign shareholder of Alma-TV, will be required to reduce its ownership to a maximum of 20% due to Kazakh laws on mass media and national security which were enacted in 1998 and 1999. This demand is a condition of extending the license of Alma-TV beyond April 1.

According to the Ministry, the 1998 and 1999 laws require government registration of all media companies, a mass media certificate and that foreign shareholdings do not exceed 20% of a registered mass media company. MITI believes that Alma-TV is not a mass media company under the Kazakh law because it is a cable television system that only retransmits third-party programs and does not produce any original programming. Moreover, Kazakh law does not specify a mass media certificate as one of the documents required to be submitted as part of a filing for licensing of a cable TV system not producing original programming. Finally, under the terms of the Kazakhstan-United States Bilateral Investment Treaty, MITI believes that its 50% interest in Alma-TV is exempt from these foreign ownership restrictions. As a result, MITI intends to vigorously defend the full extent of its equity interest in Alma-TV and does not intend to reduce its ownership share. Unless an agreement can be reached with the Ministry of Transport and Communications to renew its operating license, the risk remains that Alma-TV's operations will be terminated after April 1, which could leave over 60,000 subscribers in Almaty and the Almaty region without cable television service.

About Alma-TV Alma-TV operates multiple cable systems in the capital city of Almaty and surrounding areas (MMDS and HFC), Aktau, Karaganda and Ust-Kamenogorsk and had a total of nearly 100,000 subscribers in Kazakhstan at September 30, 2001. The Almaty network is a 750Mhz network with over 70 channels of capacity and has a fiber backbone of three fiber rings. Alma-TV currently offers over 60 channels in three tiers and maintains a strong market position in each of its markets due to its superior service level, signal quality and channel selection. About Metromedia International Group Metromedia International Group, Inc.

Is a global communications and media company. Through its wholly owned subsidiaries and its joint ventures, the Company owns and operates communications and media businesses in Eastern Europe, the republics of the former Soviet Union, China and other emerging markets. These include a variety of telephony businesses including cellular operators; providers of local, long distance and international services over fiber-optic and satellite-based networks; international toll calling; fixed wireless local loop; wireless and wired cable television networks and broadband networks; FM radio stations; and e-commerce.

This news release may contain certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.

This also includes such factors that are described from time to time in the SEC reports filed by Metromedia International Group, Inc., including its most recently filed Forms S-3, 10-K and 10-Q.